HB Technology CO.,LTD. announces an Equity Buyback for KRW 2,000 million worth of its shares.
July 14, 2022 at 03:45 am
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HB Technology CO.,LTD. (KOSDAQ:A078150) announces a share repurchase program. Under the program, the company will repurchase up to $2,000 million worth of its shares according to the contract with Shinhan Investment Corp. The purpose of the program is stock price stability and shareholder value enhancement.
The program will expire on January 14, 2023. As of July 13, 2022, the company had 2,499,557 and 330,035 treasury stock holdings in acquisition within the scope of allotment and through other acquisition, respectively.
HB Technology CO.,LTD., formerly NCB NETWORKS CO.,LTD., is a Korea-based company mainly engaged in the manufacture of semiconductor inspection equipment. The Companyâs products include automated optical inspection (AOI) systems, which are used for thin film transistor liquid crystal displays (TFT LCDs), organic light-emitting diodes (OLEDs) and plasma display panels (PDPs); POL inspection systems, which are mainly used for plat films of LCD displays, and bare glass inspection systems. The Companyâs customers include SAMSUNG ELECTRONICS CO,.LTD, Samsung Mobile Display Co., Ltd., Samsung Corning Precision Materials Co., Ltd., Beijing BOE Display Technology Co., Ltd., and other display and semiconductor manufacturers. On July 8, 2013, it merged with LST, a Korea-based company mainly engaged in the manufacturing and sales of display parts. After the merger, the Company survived and LST was dissolved.
HB TECHNOLOGY CO.,LTD. 